Specialist regional aircraft lessor, TrueNoord, has finalised a new Term Loan agreement with Deutsche Bank. The financing arrangement is aimed at bolstering TrueNoord’s ongoing business expansion initiatives and fleet enlargement, while also marking the addition of Deutsche Bank as a valued banking partner.
Legal counsel Clifford Chance represented TrueNoord, while Milbank acted on behalf of Deutsche Bank in this transaction.
Anne-Bart Tieleman, CEO of TrueNoord, remarked, “The successful conclusion of this secured financing signifies an extension of our banking consortium, and we are delighted to welcome Deutsche Bank to our esteemed group of financiers. Backed by a robust balance sheet, seasoned shareholders and a proficient management team, we are poised for growth and are increasingly active in the sector.”
Tieleman continued, “We observe sustained demand for regional jets and turboprop aircraft across all markets and are exploring various opportunities and portfolio transactions to further expand our operations in a prudent manner. Broadening our financing network with new lenders is a pivotal aspect of our growth trajectory, as we collaborate closely with both existing and new customers to support their development endeavours.”
